LPG demand to moderate in summer, bookings decline: Govt assures supply

LPG demand is expected to moderate in summer with bookings declining, but the government has assured that domestic supply of LPG, petrol, and diesel remains stable and there are no shortages, a top official said.

LPG demand is expected to moderate during the summer season, with bookings already witnessing a decline, said Sujata Sharma, Joint Secretary (Marketing & Oil Refinery), Ministry of Petroleum and Natural Gas, during an inter-ministerial briefing on recent developments in West Asia on Friday. She stated that LPG bookings have come down to the range of 46 lakh to 50 lakh, compared to levels of more than 50 lakh earlier, indicating a seasonal dip in demand. "Summer, yes, LPG demand is expected to come down. Bookings have declined and now we are witnessing booking in the range of 46 lakhs to 50 lakhs, which was more than 50 lakhs earlier," she said.

LPG and Fuel Supply Stable

Despite the decline in demand, the government assured that the domestic supply remains stable. Sharma said there have been no reports of LPG shortages at the distributor level, and deliveries continue as usual. "Our domestic LPG supply, including petrol and diesel, is normal. There have been no reports of any dry-out of LPG at any distributor," she said.

On production, she noted that domestic LPG output is fluctuating in the range of 46,000 to 50,000 MMT (Million Metric Tons), indicating steady supply conditions to meet demand. She also highlighted that overall fuel availability remains adequate across the country. Petrol pumps are operating normally with sufficient availability of petrol and diesel, while refineries are functioning at optimal capacity. Crude oil stocks are also sufficient, ensuring an uninterrupted supply.

Auto LPG Sales Witness Rise

On the auto LPG segment, Sharma said that public sector oil marketing companies sold 177 tons per day in February, compared to approximately 296 tons per day in April. She added that certain states, including Karnataka, Tamil Nadu, Telangana, Rajasthan and West Bengal, are witnessing a rise in auto LPG sales.

PNG Network Expansion to Ease LPG Demand

The government is also taking steps to reduce pressure on LPG demand by expanding the Piped Natural Gas (PNG) network. State governments have been urged to grant deemed approvals to pending applications to accelerate this expansion.

No Need for Panic Buying: Government

Reassuring consumers, Sharma urged people not to panic or believe in rumours regarding fuel availability. "We have ample supply, so do not believe rumours and buy petrol, diesel, and LPG only as needed," she said.

Govt Monitoring West Asia Situation

The briefing comes amid evolving geopolitical developments in West Asia, with the government closely monitoring energy supply dynamics while maintaining stable domestic availability. (ANI)

(Except for the headline, this story has not been edited by Asianet Newsable English staff and is published from a syndicated feed.)